Automobile users are increasingly concerned with safety and security, and this has led to the rapid spread of drive recorders. To respond to the challenges described above, JVCKENWOOD has formulated a medium and long-term scenario for the Telematics Services Business. A summary is provided below.
Phase1 Dashcam device business
In the dashcam device business, we have acquired the top-class market share position in the dashcam market in Japan, achieving revenue of more than 30 billion yen company-wide (total for Aftermarket, OEM, DX business for auto insurance companies, etc.) in FY 2020. We will continuously expand product lineups and develop sales channels with the aim of further expanding the business.
Connected-type dashcams for auto insurance companies are developed and supplied to auto insurance companies, providing safety and security through their rapid response and driver assistance functions in emergency situations.
Phase2 High-functioning dashcam service business
By cooperating with automobile manufacturers and auto insurance companies, we will launch into the high-functioning dashcam service business which will allow seamless response through utilization of connected-type dashcams in case of an accident.
In addition, in line with these services, we will provide a comfortable in-vehicle space through in-vehicle Wi-Fi functions, allowing the use of in-vehicle devices without having to be concerned about communications charges.
Phase3 IoT platform service business
By expanding the business domain to the data service business for Telematics Service Business expansion, we will launch the IoT platform service business integrated with the high-functioning dashcam service business.
Specifically, we will consider providing a road diagnosis service that diagnoses/analyzes the status of deterioration of roads and utility poles, and supports road route management as well as repair plans. A service for drivers that analyzes their emotions and physical conditions and supports their optimal driving is also considered.